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May 02, 2024
- FED LIKELY KEEP INTEREST RATES THE SAME, BUT WE MIGHT HEAR FED CHAIR JEROME POWELL TALK TOUGHER ABOUT INFLATION AFTER THE MEETING
- FED CHAIR JEROME POWELL MIGHT EVEN SAY THEY'RE CONSIDERING ALL OPTIONS, INCLUDING RAISING RATES, DEPENDING ON WHAT THE DATA SHOWS
- U.S. (MAY) FED INTREST RATE DECISION ACTUAL: 5.50% VS 5.50% PREVIOUS; EST 5.50% ✅
- FED HOLDS BENCHMARK RATE IN 5.25%-5.5% TARGET RANGE
- FED: LACK OF FURTHER PROGRESS TOWARD 2% GOAL IN RECENT MONTHS
- FED TO SLOW PACE OF BALANCE-SHEET RUNOFF STARTING IN JUNE
- FED CUTS TREASURY RUNOFF CAP TO $25B, KEEPS MBS CAP AT $35B
- FEDERAL RESERVE LEAVES KEY OVERNIGHT INTEREST RATE UNCHANGED IN 5.25-5.50% RANGE, SAYS RECENTLY THERE HAS BEEN LACK OF FURTHER PROGRESS TOWARD 2% INFLATION TARGET
- FED WILL SLOW DECLINE OF BALANCE SHEET BY CUTTING TREASURY REDEMPTION CAP TO $25 BLN PER MONTH FROM $60 BLN STARTING JUNE 1
- FED MAINTAINS MORTGAGE-BACKED SECURITIES REDEMPTION CAP AT $35 BLN PER MONTH, WILL REINVEST EXCESS MBS PRINCIPAL PAYMENTS INTO TREASURIES
- FED DOES NOT EXPECT WILL BE APPROPRIATE TO CUT RATES UNTIL IT HAS GAINED GREATER CONFIDENCE INFLATION IS MOVING SUSTAINABLY TOWARD 2%
- FED SAYS RISKS TO ACHIEVING EMPLOYMENT AND INFLATION GOALS 'HAVE MOVED TOWARD BETTER BALANCE OVER THE PAST YEAR,' AS OPPOSED TO 'ARE MOVING INTO BETTER BALANCE' IN MARCH POLICY STATEMENT
- Fed keeps interest rates unchanged, gives no sign it will cut soon amid inflation
- News Headlines from Business News Agencies:
- Business Standard
- Tata Motors post higher April sales, Eicher sales dip
- No Maruti Suzuki EVs for India this year. Wait till FY26: RC Bhargava
- UPI transactions dip marginally in April to Rs 19.64 trn; grow Y-o-Y
- Jindal Stainless announces expansion plans, to invest Rs 5,400 cr
- APSEZ becomes India's 1st large-sized pvt infra developer to get AAA rating
- J&J subsidiary proposes paying $6.48 bn over 25 yrs to settle talc lawsuits
- GST mop-up hits record on good economic momentum, efficient collections: FM
- Truck rentals tepid, commercial vehicle sales skid in April, says report
- Tata Motors receives tax demand of nearly Rs 25 cr; plans to file appeal
- Sebi bans Manpasand Beverages, 3 top officials from market for 3 years
- Govt unlikely to impose export curbs on low-grade iron ore, says report
- Economic Times
- Maruti Suzuki's total sales increase 5% to 168,089 units in April
- India's power consumption rises 11 pc to 144.89 billion units in April
- MG Motor India reports 1.45 pc dip in retail sales at 4,485 units in April
- Hyundai sales rise 9.5 pc to 63,701 units in April
- ITC brand Fortune Hotels targets opening a new hotel every month in FY25
- Quality concerns could threaten over half of India's spice exports; needs urgent attention: GTRI
- India may see above normal maximum temperatures in May: IMD
- Saudi Arabia's Q1 GDP shrinks by estimated 1.8% YoY as oil sector weighs
- Novo Nordisk owner to invest $200 million in quantum computing startups
- Adani Energy Solutions' Q4 net profit falls 13% to Rs 381 cr
- Microsoft to power data centers with Brookfield renewables deal: report
- Microsoft to open first regional data centre in Thailand
- Mint
- GST collection hits record high of ₹2.10 trillion in April
- Ambuja Cements Q4 net profit up 6% YoY to ₹532 cr; declares dividend of ₹2
- FPIs turn net sellers worth ₹8,671 crore in April after 2 months of buying
- Govt to go ahead with administrative allocation for satellite broadband
- Brazil’s Embraer plots a new 737-sized jet to rival Boeing
- Stride Ventures closes third fund at $165 million
- Oil retailers hike ATF rates, slash commercial LPG cylinder prices
- India’s plastics exports fall as global economic condition takes a toll
- India, US to expand warship repair network
- Godrej family to split 127-year-old business empire
- Blackstone-backed Aadhar Housing Finance's Rs 3,000 cr IPO to open on May 8
